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Hana Financial to test stablecoin card payment and merchant settlement technology with Dunamu

Hana Financial Group is working with Dunamu to test card payments and merchant settlement technology using stablecoins. The project tests whether customers can pay with various stablecoins held in an Upbit wallet and whether merchant settlement cycles can be shortened in real time. Hana Card is taking part. The companies plan to apply the technology to an actual payment service once relevant制度 are in place.

Crypto

Japan considers using stablecoins for consumption tax refunds to foreign tourists

Japan is considering using stablecoins to refund consumption tax to foreign visitors entering the country, CoinPost reported on Oct. 21. Land, Infrastructure, Transport and Tourism Minister Tatsunori Ibayashi said the government will study including stablecoins in the relevant system. Japan will shift its duty-free scheme to a refund method for purchases from Nov. 1. Private-sector groups are already building models using the JPYC stablecoin.

Crypto

Stablecoins could support daily life, Japan experts say on a cashless era

Japanese finance and blockchain executives said living on stablecoins alone could be possible, but they are likely to coexist with cash and traditional finance. At an AI and on-chain finance summit in Japan, panelists discussed use cases including payments, international remittances, tax payments and the need for yen-based stablecoins. Views differed on whether stablecoins can outperform SWIFT, with tokenised deposits also cited as a longer-term option.